Japan is a leading foreign investor in Turkmenistan

Japan is a leading foreign investor in Turkmenistan

Japan is a leader in the structure of foreign investments allocated for the implementation of large projects in Turkmenistan, Chairman of the Board of Vnesheconombank of Turkmenistan Rahimberdy Djepbarov said at a business forum in Tokyo.

For 9 months of 2019, Japan, China, South Korea, Germany and the United States are the Top-5 countries in the structure of foreign investments.

Jepbarov informed Japanese business that, for the first half of 2019, the volume of foreign trade of the country amounted to $7.2 billion, including export – $4.7 billion, and import – $2.5 billion. That is, the surplus is $2.2 billion.

Long-term cooperation with companies and financial agencies of Japan is an example of the effective implementation of the investment potential of Turkmenistan. There are 10 investment projects amounting more than $7.6 billion in the portfolio of Vnesheconombank of Turkmenistan. The share of Japanese investment is $ 4.6 billion.

As for the industry share in the structure of foreign loans, the gas-and-chemical industry is at the first place here – more than half out of the total volume.

The construction of the second stage of a plant for the production of gasoline from natural gas in Akhal region, another carbamide plant and a gas-and-chemical complex in Balkan region, new chemical facilities in Lebap region as well as many other both industrial and transport projects, including of regional importance, are among the new investment projects.